Schwab Charles Investment Management Inc. lowered its stake in Tuesday Morning Corp. (NASDAQ:TUES) by 2.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 375,223 shares of the company’s stock after selling 9,326 shares during the period. Schwab Charles Investment Management Inc. owned 0.85% of Tuesday Morning Corp. worth $1,408,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Comerica Bank raised its stake in shares of Tuesday Morning Corp. by 4.6% in the first quarter. Comerica Bank now owns 49,661 shares of the company’s stock valued at $159,000 after buying an additional 2,202 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of Tuesday Morning Corp. by 6.7% in the fourth quarter. Teachers Advisors LLC now owns 72,796 shares of the company’s stock valued at $393,000 after buying an additional 4,588 shares during the last quarter. State of Tennessee Treasury Department raised its stake in shares of Tuesday Morning Corp. by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 41,130 shares of the company’s stock valued at $154,000 after buying an additional 6,207 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Tuesday Morning Corp. by 3.6% in the first quarter. Principal Financial Group Inc. now owns 342,506 shares of the company’s stock valued at $1,284,000 after buying an additional 11,850 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Tuesday Morning Corp. by 5.4% in the first quarter. Ameriprise Financial Inc. now owns 238,717 shares of the company’s stock valued at $899,000 after buying an additional 12,125 shares during the last quarter. 79.81% of the stock is currently owned by institutional investors.

Shares of Tuesday Morning Corp. (TUES) traded up 3.659% during mid-day trading on Monday, hitting $2.125. The stock had a trading volume of 50,321 shares. The stock’s market capitalization is $93.56 million. The stock has a 50 day moving average of $1.83 and a 200-day moving average of $2.61. Tuesday Morning Corp. has a 52 week low of $1.60 and a 52 week high of $7.32.

Tuesday Morning Corp. (NASDAQ:TUES) last released its quarterly earnings results on Thursday, August 24th. The company reported ($0.39) earnings per share for the quarter, missing the consensus estimate of ($0.30) by $0.09. The firm had revenue of $223.60 million during the quarter, compared to the consensus estimate of $225.51 million. Tuesday Morning Corp. had a negative return on equity of 15.09% and a negative net margin of 3.37%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.09) EPS. On average, equities research analysts predict that Tuesday Morning Corp. will post ($0.34) earnings per share for the current year.

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Several brokerages have recently weighed in on TUES. B. Riley reissued a “neutral” rating and set a $2.40 price objective (down previously from $2.60) on shares of Tuesday Morning Corp. in a report on Friday. ValuEngine lowered Tuesday Morning Corp. from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Zacks Investment Research raised Tuesday Morning Corp. from a “sell” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Credit Suisse Group decreased their price objective on Tuesday Morning Corp. from $4.50 to $2.50 and set a “neutral” rating on the stock in a report on Friday, June 16th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Tuesday Morning Corp. presently has an average rating of “Hold” and a consensus target price of $3.08.

In other news, CEO Steven R. Becker purchased 100,000 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of $1.73 per share, with a total value of $173,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.40% of the company’s stock.

Tuesday Morning Corp. Company Profile

Tuesday Morning Corporation is an off-price retailer. The Company specializes in selling discounted, upscale decorative home accessories, housewares, seasonal goods and famous-maker gifts. The Company operated 751 stores in 40 states in the United States, as of June 30, 2016. The Company offers products in a range of categories, such as home decor, furniture, bed and bath, kitchen, toys, crafts, pets and seasonal goods.

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Institutional Ownership by Quarter for Tuesday Morning Corp. (NASDAQ:TUES)

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